At a compound annual growth rate of 5.5%, the size of the worldwide Cloud High Performance Computing (HPC) market is projected to reach US$ 64.65 billion in 2030.
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Cloud high performance computing (HPC) refers to servers that conduct computationally intensive data-centric operations as well as those that provide high performance by integrating several processes for increased efficiency over a typical computer or desktop. Complex issues relating to cloud engineering, business, and technology can be solved by cloud high performance computing. Multiple high-performance computers within a single processor are clustered together in this method. Furthermore, machine learning is increasingly being used to gain a competitive advantage, particularly in public-centric services, with every major company investing in this technology. This is aided by cloud high-performance computing, which allows for more cost-effective and faster database maintenance.
This can be ascribed to the complex applications management and emergence of big data market. It offers new opportunities for key players operating in the global Cloud High Performance Computing (HPC) market. Besides, the adoption of pay-as-you-go Model is affecting the market in a positive manner.
However, increased cost during transition from on-premise to cloud-based hpc services and risk of information loss are hampering the market growth. Furthermore, faster deployment, increased flexibility, and scalability and high adoption rate in Smbs is likely to provide lucrative development opportunities for the cloud high performance computing (HPC) market in the forthcoming years.
Cloud High Performance Computing (HPC) Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2030 |
| Study Period | 2018-2030 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2030 | US$ 64.65 billion |
| Growth Rate | CAGR of 5.5 % during 2020-2030 |
| Segment Covered | By Deployment, By Application, By Components, Region. |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | Atos SE, Advanced Micro Devices, Inc., Hewlett Packard Enterprise Development LP, Cisco Systems, Inc., Dell Technologies Inc., Fujitsu, Intel Corporation, IBM Corporation, Lenovo, Inspur |
Key Segments of the Global Cloud High Performance Computing (HPC) Market
Service Type Overview
- HPC IaaS
- HPC PaaS
- Data Organization and Workload Management
- Clustering Software and Analytics Tool
- Professional Services
- Others
Deployment Mode Overview
- Public Cloud
- Private Cloud
- Hybrid Cloud
User Types Overview
- Large Enterpirse
- Small and medium enterprise
End Use Overview
- Academia and Research
- Biosciences
- Design and Engineering
- Government and Defense
- Financial Service
- Media
- Entertainment and Online Gaming
- Manufacturing
- Others
Regional Overview
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Middle East and Africa (MEA)
- UAE
- South Africa
- Rest of Middle East and Africa
- South America
- Brazil
- Rest of South America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global cloud high performance computing (HPC) market. Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on the global cloud high performance computing (HPC) market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the cloud high performance computing (HPC) market industry and their strategic initiatives for product development.
- The study covers a qualitative and quantitative analysis of the market segmented based on Service, Organization Size, Deployment, and End User. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global cloud high performance computing (HPC) market. The report will benefit every stakeholder involved in the cloud high performance computing (HPC) market.
- Managers within the cloud high performance computing (HPC) market industry looking to publish recent and forecasted statistics about the global cloud high performance computing (HPC) market.
- Government, regulatory authorities, policymakers, and organizations looking for investments in trends of the global cloud high performance computing (HPC) market.
- Analysts, researchers, educators, strategy managers, and Government institutions looking for insights into the market to determine future strategies.
Frequently Asked Questions (FAQ) :
The global cloud high performance computing market is expected to grow at a CAGR of 5.5 % during 2022 to 2030.
The growing usage of big data and sophisticated applications across various industries, such as electronic design automatic simulations, ultra-high-definition workflows, and so on, is fueling the expansion of the cloud high performance computing market.
Atos SE, Advanced Micro Devices, Inc., Hewlett Packard Enterprise Development LP, Cisco Systems, Inc., Dell Technologies Inc., Fujitsu, Intel Corporation, IBM Corporation, Lenovo, Inspur
North America is predicted to have the greatest market share and will dominate the cloud HPC market over the projection.
Cloud high performance computing (HPC) are servers with high computational data centric tasks as well as those that give high performance, integrating multiple processes for improved efficiency from a regular computer or desktop. Complex issues relating to engineering, business, and technology can be solved by cloud high performance computing. In this, multiple high-performance computers within a single processor are arranged in a cluster.
With growing advancement in technology, the amount of big data and cloud computing solutions is also increasing causing harm to the storage capacity of systems and hampering the speed. This brings in a need to reform our computing market by providing high-speed services. The cloud high performance computing provides an edge over the basic set of regulations and standards. It enhances the computer groundwork and gives a more reliable and rapid platform for the engineers to work
The emergence of big data analytics market and the adoption of cloud computing solutions for industrial digitization and automation are two main aspects that enhance the market for cloud high-performance computing.
However, the market is expected to become fragmented in the forthcoming years as several new market players are emerging from developing countries such as India, Japan, China, and other countries.
Service Segment
Based on the Service Type segment, the market is classified into HPC IaaS, HPC PaaS, data organization and workload management, clustering software and analytics tool, professional service, and others. Owing to the rise of sophisticated applications and increasing workloads, the HPC IaaS market is predicted to have the biggest market share in the cloud HPC market in the service type throughout the forecast period. Managed service providers are responsible for managing and monitoring IT systems, enabling enterprises to increase efficiency, reduce downtime, and drive better outcomes. Managed service providers are expected to play a key role in changing the cloud HPC landscape and will grow at the fastest rate during the forecast period.
Organization Segment
Based on the organization size, the market is segmented into large enterprise, and small & medium enterprises. Small and medium-sized businesses (SMEs) employ between one and 999 employees. Because of its simplicity and flexibility, SMEs are swiftly adopting cloud high performance computing (HPC), and demand is likely to increase during the projection period. The advantages of cloud high performance computing (HPC), such as seamless scalability, flexibility, lower operational expenses, and customized offers depending on company goals, are encouraging SMEs to adopt it.
Deployment Segment
Based on the deployment type, the market is segmented into public cloud, private cloud, and hybrid cloud. Hybrid cloud deployment is the fastest-growing deployment option in the Cloud High Performance Computing Market, as it aims to provide the benefits of scalability, reliability, rapid deployment, and cost savings, as well as security measures. During the forecast period, the public cloud deployment model is predicted to have the greatest market share, since it provides enterprises with numerous benefits such as ease of access, faster deployment, and location independence service.
End User Segment
Based on the industry verticals, the market is segmented into academia and research, biosciences, design and engineering, government & defense, IT & telecom, media, entertainment and online gaming, manufacturing, and others. The government & defense sector is likely to lead the cloud HPC market, during the projection period, contributing the biggest market share. The end users of media, entertainment, and online gaming, on the other hand, are expected to expand the most during the projection period. Satellite image processing, signal and intelligence processing, and video analytics are all key issues in the military-aerospace world. For example, satellites, unmanned aerial vehicles (UAVs), and other devices are collecting vast amounts of image and video data. In this instance, cloud high-performance computing allows the military to identify security concerns or targets of interest considerably more quickly and accurately.
North America is predicted to have the greatest market share and will dominate the cloud HPC market over the projection period, because of advances in research & development and technology, as well as increased need for corporate flexibility and agility. Because of better technology, cost effectiveness, scalability, and productivity, the cloud HPC market in Asia-Pacific is predicted to grow rapidly. India and China dominate the cloud HPC industry in Asia-Pacific, and these two countries are the world's growing economies. Furthermore, China claims to have one of the best-developed HPC systems behind the United States, having increased HPC spending faster than the other countries.
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The major players of the global Cloud High Performance Computing (HPC) Market are Amazon Web Services, Inc., Dell, Hewlett Packard Enterprise Development LP, IBM, Intel Corporation, Microsoft, NVIDIA Corporation, Oracle, Penguin Computing, Sabalcore Computing, Inc., Google, Adaptive Computing, Univa Corporation, and GridcoreAB. In addition, the previously recognized as well as new market players are approaching the market with advanced and new strategic solutions and to remain competitive in the global market.